US Nuclear Corp. Announces the Consolidation of the Optron LA and Overhoff Ohio Facilities to Produce Annual Savings Approaching $1 Million
NEWMEDIAWIRE) - US Nuclear Corp. (OTC: UCLE), is pleased to announce that the Consolidation of their Optron LA Facility and their Overhoff Technology Milford OH Facility has commenced, and will be completed by the end of the 1st Quarter. 'This effort will maintain our full product line,' said Bob Goldstein, President of US Nuclear, 'but it will utilize the combined strengths of both companies in production efficiency as well as sales and marketing. We project the savings from this consolidation will have full effect in the 2nd half of this year, and will add $.02 per share of earnings to the Company on an annual basis, and potential profitability in the 2nd half,' said Mr. Goldstein.
'We are in talks with 2 companies about Merger or Joint Marketing possibilities, with other companies showing interest as well,' said Mr. Goldstein. 'It became immediately clear to us that we had to streamline our operations and maximize our cash-flow to be able to fully exploit these potential opportunities.'
'US Nuclear and Overhoff Technology monitors are 'Best-In-Class' for measuring the levels of radiation and tritium in the nuclear space, for measuring explosives and radiation in the security space, the levels of carbon-dioxide and methane in the oil and gas space, and the levels of PFAS forever chemicals in the industrial space,' said Mrs. Truax, Operations Manager for Overhoff. 'This consolidation of our production and sales efforts will turbo-charge our sales growth!'
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